ETF Spotlight on Cambria Global Tactical ETF (NYSEArca: GTAA), part of an ongoing series.
Assets: $187.6 million.
Objective: The Cambria Global Tactical ETF is an actively managed fund that will invest in ETFs of all the major world asset classes, including equities, bonds, real estate, commodities and currencies. The ETF “will utilize a quantitative approach with strict risk management controls to actively manage the fund’s portfolio in an attempt to control downside losses and protect capital,” according to AdvisorShares, the sponsor. “The wide diversification coupled with prudent portfolio management may allow for the fund to perform in any economic environment. The fund seeks to offer investors the potential advantage of achieving equity-like returns with reduced risk and volatility.”
Holdings: Top holdings include Vanguard REIT ETF (NYSEArca: VNQ) 9.99%, SPDR Dow Jones International Real Estate (NYSEArca: RWX) 6.15%, PowerShares DB Precious Metals (NYSEArca: DBP) 4.08%, PowerShares DB Commodities (NYSEArca: DBC) 4.03% and iShares Barclays 3-7 Year Treasury Bond Fund (NYSEArcca: IEI) 3.70%.